Commercial Property

Citi splurges $5.43b on One Bay East - East Tower

Beating a previous largest en-bloc office transaction record.

Hong Kong again hailed as Asia’s most expensive office market

It’s the only Asian location to exceed $200 per sq. ft. per year.

CCL dropped 4.4% since March

Luxury property prices continue to ease.

Industrial market sales decline by 79% yoy

But there were also large transactions.

Warehouse rents rise by unremarkable 2.8% in Q1

Growth was seen in peripheral areas.  

Prosperity Place rentals reach 19.7%

It’s higher than current rental revisions.

Land premium hits HK$1.72 bn in Q1

Private land use modifications also declined.

HongKong Land stock plummets by 15%

Weak Central rents are to blame.